Wednesday, May 30, 2012

China MinZhong (technical)

China MinZhong: UOB Kay Hian has Technical BUY Call with TP of $0.71. The stock could be consolidating after its recent sell-off and prices could be moving towards its mid Bollinger band. The daily Stochastics is appearing to make a higher low and has appeared to form a bullish crossover. Stops could be placed at prices below $0.50. House retail research has a fundamental BUY with a target price of $1.65.

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